By 'Dotun Akintomide Shrouded in water-tight secrecy, the $80 billion (N16trn) nuclear plants' deal signed last October by the incumbent administration of President Muhammadu Buhari has been described by concerned activists' groups as a looming catastrophe hanging on Nigeria's civil population, worse than the deadly sect, Boko Haram and its unending holocaust. According to snippets…
By 'Dotun Akintomide The apex bank Wednesday said it had injected $210 million sustain liquidity in the forex market. According to the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, the sum of $100 million was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment got an allocation of $55…
… makes case for coordinated effort to end modern slavery The Governor of Edo State, Mr. Godwin Obaseki, has approved 150 hectares of land and N100million seed capital for the 150 Libya returnees and victims of human trafficking, who completed a skills acquisition training at the Edo Agricultural Development Programme (ADP) office in Benin City, the…
Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi Arabia’s Energy Minister, Mr Khalid al-Falih made this known on Thursday in Vienna, in a press conference at the end of the  third OPEC and non-OPEC Ministerial meeting. al-Falih, who is also the…
...Indivisible Nigeria By Akanimo Kufre, Uyo Governors of the South East and South South of Nigeria have insisted that the Federal government should pay better revenue allocation to states in their regions in line with the current realities to guarantee the expectations of citizens. Their call for increased revenue allocation was stated in a communiqué…
President Muhammadu Buhari has approved the release of N28.8 billion for the 36 states as part of the Budget Support Loan Facility. Each of the states will get N600 million. The Minister of Budget and National Planning, Sen. Udoma Udo udoma, told State House correspondents, alongside Gov. Rotimi Akeredolu of Ondo, on the outcome of…
By 'Dotun Akintomide The federal government has lamented over the activities of illegal miners which has made the nation lost about $9 billion (N3trn) in two years with huge losses recorded in illegal gold exportation. The minister of mines and solid minerals, Kayode Fayemi, made this known after the Federal Executive Council ( FEC) meeting…
At the FEC meeting, President Muhammadu Buhari also lauded members of his cabinet over the World Bank ranking on doing business. The Minister of Trade and Investment, Okechukwu Enelamah, told reporters that FEC celebrated Tuesday’s ranking of Nigeria in the World Bank Doing Business report which saw Nigeria moving 24 places up from its last…
It's A Looming Catastrophe Says Nigeria's Ability To Finance Its Debt Too Low... Lags Behind South Africa, Kenya By 'Dotun Akintomide As Nigeria's population races towards becoming the third largest in the world by 2050, leading industry experts have called for more concerted effort from public and private players targeted at harnessing the huge potentials…